MINNESOTA
DECEMBER 2020
PHYSICIAN
THE INDEPENDENT MEDICAL BUSINESS JOURNAL
Volume XXXIV, No. 09
Administrative Overload Breaking down what’s breaking down BY TODD ARCHBOLD, LSW, MBA
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ur nation boasts one of the most innovative and sophisticated health systems in the world. The administrative infrastructure required to support this system has led to a bloat in costs, with diminishing returns. We have the most expensive healthcare system in the world, yet without commensurate outcomes. The U.S. life expectancy at birth ranks 34th among other developed nations.
Corporate Culture in Health Care Accountabilities of Governing Boards BY DANIEL K. ZISMER, PH.D.
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or many community hospitals and health systems employed physicians now drive the lion’s share of clinical care, and by extension the economics and financial performance of the organization. For some, physician services organizations actually define the brand and the strategic differentiation of the organization. Physician services organizations can take a number of forms. Regardless of corporate structure, they are composed of employed physicians, other licensed healthcare providers and support staff serving a range of required functions; all operating under Corporate Culture in Health Care to page 104
According to a report from the Commonwealth Fund, in 2018, the U.S. spent 16.9 percent of gross domestic product (GDP) on health care, nearly twice as much as the average OECD country. The American Medical Association reports that healthcare spending has reached $3.6 trillion in recent years and could nearly double within the next decade. The reality is that innovation is expensive, but is how we are doing it efficient? A study done by Definitive Healthcare ranks Minnesota no. 19
Administrative Overload to page 124
